Kjell Inge Røkke controlled Aker risk having to spit into billions in oil company The Norwegian oil company because of low oil prices, writes DN.
The company borrowed large sums when Marathon Oil’s operations on the Norwegian continental shelf was bought 12.6 billion.
A requirement in the loan agreement 25 percent equity ratio may be in danger if the oil price remains low, says analyst Teodor Sveen Nilsen in brokerage Swedbank.
The Norwegian will lack around two billion to be fully financed by a long-term oil price of $ 60 a barrel. Treasury will be empty in 2016, has Sveen Nilsen rained out.
Kjell Inge Rokke listed investment company Aker owns scant 50 percent of the Norwegian.
– Aker is a long term shareholder, and will continue to support under any financing measures, says information director Atle Kigen Aker to DN.
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